NBA Approves Timberwolves Sale to Lore, Rodriguez | JQJO

After a four-year legal battle, the NBA approved the $1.5 billion sale of the Minnesota Timberwolves and Lynx to an investment group led by Marc Lore and Alex Rodriguez. The deal, initially agreed upon in 2019, faced delays and a legal challenge from the previous owner, Glen Taylor, before finally receiving unanimous approval from the NBA board of governors. Lore and Rodriguez will serve as co-chairmen, with plans for an introductory press conference next month. The sale marks the end of Taylor's 30-year ownership, during which he prevented the team's relocation and significantly increased its value.